M&C subscribes the Eur 60 million bonds convertible into Tiscali S.p.A. shares

Cagliari, 28th December 2007 - Tiscali announces that M&C has subscribed yesterday the EUR 60 million subordinated bonds convertible into Tiscali S.p.A. shares, due 2012, 6.75% interest rate per annum, conversion price EUR 2.7 per share.